{"id":30203,"date":"2021-01-21T14:39:40","date_gmt":"2021-01-21T01:39:40","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=30203"},"modified":"2021-01-22T11:00:15","modified_gmt":"2021-01-21T22:00:15","slug":"real-estate-firm-the-agency-fights-disputed-fee","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/real-estate-firm-the-agency-fights-disputed-fee\/","title":{"rendered":"Real estate firm The Agency fights disputed fee"},"content":{"rendered":"<p><strong>PHOTO: The Agency is disputing the demand to repay the outstanding debt. Photo: Peter Rae.\u00a0<span class=\"photographer\">Photo:\u00a0Peter Rae<\/span><\/strong><\/p>\n<p class=\"first-para\">Real estate firm <a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/the-agency-sells-off-wa-rent-roll-to-pay-down-debt\/&amp;sa=U&amp;ved=2ahUKEwi42Kr68avuAhUaIbcAHYBODfQQFjAAegQIBRAC&amp;usg=AOvVaw0gq5lXU8pzJEYKiqysgD3f\">The Agency<\/a> has made a bid in court to delay an administration action brought by a former director over a disputed debt.<\/p>\n<p>Investment group Magnolia said it appointed voluntary administrators BDO\u00a0on Tuesday to pursue the real estate firm over a disputed debt of approximately $385,000, saying it had lost confidence in <a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/ex-agents-at-the-agency-mull-a-return-to-mcgrath\/&amp;sa=U&amp;ved=2ahUKEwi42Kr68avuAhUaIbcAHYBODfQQFjABegQICRAB&amp;usg=AOvVaw1Wyrk0fz61S8LrI28O-q5g\">The Agency<\/a> Group\u2019s board and its unknown financial position.<\/p>\n<p>The court ordered that the administration would stay in place until February 1 with a hearing scheduled on the same day to allow any creditors to come forward.<\/p>\n<p>The court also ordered that those bringing the administration action be restrained from acting as voluntary administrators or taking any steps in this role, with\u00a0control of The Agency resting with its directors. 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":30206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478114288,478098535,478114286,478098513,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478100380,478098658,478098509,478098727,478099072,478114287],"class_list":["entry","author-data123nz","post-30203","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-bdo","tag-house-prices","tag-magnolia","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-firm","tag-real-estate-group","tag-real-estate-news","tag-real-estate-offices","tag-the-agency","tag-voluntary-administrators"],"yoast_head":"<!-- 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